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Lexop closes expansion round with Companyon Ventures

Lexop, a self-service software that optimises the repayment journey for past-due customers, has raised a round of funding to support the development and expansion of its digital collection solution across North America.

Lexop, a self-service software that optimises the repayment journey for past-due customers, has raised a round of funding to support the development and expansion of its digital collection solution across North America.

The round was led by Companyon Ventures, a Boston-based venture capital firm leading post-Seed investment rounds in B2B software companies.

Launched in 2019, Lexop was developed to help people pay their past-due bills easily. It sends personalised payment email messages and SMS notifications based on nuanced customer characteristics. Once customers open the email, they are guided to a user-friendly self-service payment portal where they can choose to make a minimum payment, pay in full, or create a flexible payment arrangement.

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